In the wake of a natural disaster, the road to recovery can feel long and overwhelming. For many families, the dream of homeownership—or simply returning to normal—can seem out of reach. That’s where the FHA 203(H) Disaster Loan Program steps in.
If you or someone you know has been affected by a federally declared disaster, this program could be a powerful tool for getting back on your feet and into a home—without the usual hurdles.
What Is the FHA 203(H) Program?
Backed by the Federal Housing Administration (FHA), the 203(H) Disaster Loan Program is designed specifically for people whose homes were damaged or destroyed in a federally recognized disaster. Whether you’re looking to rebuild your previous home or purchase a new one, this program offers financial support tailored for disaster recovery.
Key Benefits of FHA 203(H):
- 100% Financing
One of the biggest advantages of the 203(H) loan is no down payment required for qualified borrowers. That’s right—100% financing. This can be a huge relief when every dollar counts after a disaster. - Disaster Recovery Support
The loan process is simplified compared to traditional mortgages, with the goal of getting families back into homes faster. It’s a more flexible and forgiving option designed to work with you during a tough time. - Favorable Terms
The loan is available for single-family primary residences and requires satisfactory credit—but is often more lenient than standard loans due to the circumstances. Interest rates and terms are competitive, and closing costs may be financed into the loan amount.
Who Is Eligible?
To qualify, you must:
- Have lost your home or been displaced due to a federally declared disaster.
- Apply within one year of the President’s official disaster declaration.
- Intend to occupy the new home as your primary residence.
- Meet basic credit and income requirements.
Next Steps
If you think you may be eligible, talk to a lender experienced with FHA programs. They can help verify your eligibility, explain your options, and guide you through the application process.
Disasters can leave behind devastation—but they can also be a new beginning. The FHA 203(H) Disaster Loan Program exists to help families rebuild, recover, and return home. If you’re navigating the aftermath of a disaster, don’t go it alone—explore your options and take that first step forward.
In the aftermath of disaster, you don’t have to start over alone. The Lindsey Harn Group is here to help you rebuild and move forward.